The LIHTC fund will create or preserve 1,708 affordable homes across the country — and generate 2,777 new jobs and $314.6 million in wages, tax revenue, and business income, including $179.5 million in direct wages to workers.
Enterprise Community Partners today applauds the Senate Finance Committee for including language in its budget reconciliation package proposal that would permanently extend the New Market Tax Credit and strengthen the Low-Income Housing Tax Credit, a resoundingly bipartisan way to expand the housing supply and economic opportunity in every part of the nation.
Members of nine tribes from across California recently gathered at a site where 30 homes will be built. The future homes will be part of a Low-Income Housing Tax Credit (LIHTC) development owned by the Tuolumne Economic Development Authority (TEDA), a federally chartered tribal corporation governed by the Tuolumne Me-Wuk Tribe.
Enterprise, the Housing Authority of Chelan County and the City of Wenatchee and the Office of Rural and Farmworker Housing announce a deal for Mountain View Family Housing, a 12-building affordable housing community in Entiat, Washington.
If the Affordable Housing Credit Improvement Act introduced is enacted affordable housing developers would be able to impact rural, tribal and high-cost communities, as well as extremely low-income and formerly homeless residents.